According to a recent news story from a Cleveland-based newspaper, the local Great Lakes Science Center has announced their adoption of bitcoin in a variety of transactions.

Not only will bitcoin be accepted as a fully valid form of monetary exchange for the daily cost of admission to the museum, but there will also be a four-day sister event, titled the Blockland Solutions Conference, which will accept bitcoin as well. Read more...

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With the Ripple Swell conference now underway, Bill Clinton, the conferences keynote speaker has spoken out about his view on blockchain technology and his optimism regarding the blockchain as a power for the future. In his speech, Clinton remains very bullish about the possibilities of the blockchain, although does highlight some concerns in the way governments are handling it, stating that bad economic and social policy could one day destroy the whole industry, if we allow regulators to clamp down.

Litepay, the ghost of Litecoin past and Litecoins very own failed drive for cryptocurrency adoption. Although the first launch of Litepay failed massively, many have speculated that a new, clean cut and working version would be released soon, perhaps then, the first annual Litecoin summit will be the best platform for it? Is the first annual Litecoin Summit the platform that Charlie Lee and the team need to set off Litepay 2.0 with a bang?

When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.

At this point in the industry’s development, securing an ETF has become the space’s institutional albatross, the elusivity of which hangs over each successive rejection. The most recent filing was the Winklevosses’ second attempt to list a bitcoin-backed ETF, the first being shot down last year. Read more...

The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies could pose a significant risk to the country’s financial stability at their current size.

Powell’s Testimony

The chairman of the U.S. Federal Reserve who took office in February, Jerome Powell, answered questions about cryptocurrencies in his testimony before the House Financial Services Committee on Wednesday. Read more...

When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit to blame – bitcoin.

Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money. With steady increase in value over the years, this new invention of money has established its position in finance. The gold rush pushed by the price explosion reached its peak at the end of 2017. Halfway into this year, bitcoin has moved into a bear market. As the price plunged, followed by exchange hacks and speculators leaving the space, the rally quieted down. Now that the fever has cooled off, a narrative that runs quietly behind the scenes can begin to emerge. Read more...

I think, over time, the question will be: are these cryptocurrencies and the developers of these cryptocurrencies just mining the public? […] Gold investors will come back when uncertainty creeps back into the market.Read more...